Posted on 04/01/2009 11:59:19 AM PDT by a fool in paradise
Joel Peresman, the head of the Rock and Roll Hall of Fame, saw his pay go up to $367,823 last year — an increase of 10 percent. At the same time, the Hall of Fame Foundation did almost nothing to help anyone, let alone musicians: it donated $25,000 to a New York City school fund and gave $25,000 to a scholarship fund in Cleveland.
There is no line item on its new Form 990 tax federal filing for assistance to indigent musicians. Last year that amount was a whopping $4,183.
...Normally the induction ceremony takes place in New York at the Waldorf Astoria. But this year it’s in Cleveland. The reason? This fall Wenner is planning to host a blow out all-star concert at Madison Square Garden with his cronies...
Most of the existing record labels are absent, too. Warner Music was forced to buy a table because Metallica is being inducted. ABKCO Music has bought a few tables to celebrate the overdue induction of R&B great Bobby Womack. But the other inductees don’t have labels per se — like Little Anthony & the Imperials, Jeff Beck, Run-DMC, Wanda Jackson, and the Elvis Presley sidemen...
The Rock Hall show this year (and for the next three years) is also diminished by losing its TV berth on VH-1. Maybe because no one cares anymore...
Meanwhile, the Rock Hall Foundation continues to operate as its own fiefdom, separate and apart from the music industry. According to the new federal tax filing, the group has $14 million in net assets or fund balances, and $23 million invested in publicly traded securities. But they gave only $25,000 to charity, and it wasn’t even to a music charity. The money went to Caroline Kennedy’s Fund for Public Schools, where Wenner is a board member...
(Excerpt) Read more at foxnews.com ...
I’m SHOCKED at such corruption in the music industry...
Money, its a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think Ill buy me a football team.
Money, get back.
Im all right jack keep your hands off of my stack.
Money, its a hit.
Dont give me that do goody good bullshit.
Pink Floyd
It’s a thin line between being in the music industry and being unemployed.
I am not surprised that these... um.. FM types are crooked
This fall Wenner is planning to host a blow out all-star concert at Madison Square Garden with his cronies... ABKCO Music has bought a few tables to celebrate the overdue induction of R&B great Bobby Womack. But the other inductees don't have labels per se -- like Little Anthony & the Imperials, Jeff Beck, Run-DMC, Wanda Jackson, and the Elvis Presley sidemen... the group has $14 million in net assets or fund balances, and $23 million invested in publicly traded securities. But they gave only $25,000 to charity, and it wasn't even to a music charity. The money went to Caroline Kennedy's Fund for Public Schools, where Wenner is a board member...Jan Wenner? He has nothing to do with either rock and roll (yeah, publisher of the Rolling Stone, blah blah blah) or education, and is a waste of human skin.
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